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Household Income for the K-12 Education Credit
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Household income is your Adjusted Gross Income (AGI) plus your nontaxable income. For a detailed list of income to include, see the instructions for Schedule M1ED, K-12 Education Credit.
The household income limit for the K-12 Education Credit depends on the number of qualifying children you had in school during the year, as shown in the table below.
Income Limits for the K-12 Education Credit
| If you have this many qualifying children: | Your maximum household income is: |
|---|---|
| 1 or 2 | $37,500 |
| 3 | $39,500 |
| 4 | $41,500 |
| 5 | $43,500 |
| 6 | $45,500 |
| 7 | $47,500 |
| 8 or more | Add $2,000 for each additional child |
For more information, see K-12 Education Subtraction and Credit (Income Tax Fact Sheet 8).